NMDC expects to achieve production of 47 MT. It will also begin mining coal from the two blocks it has been allotted by Q4 of FY22 .

NMDC targets 47 mn tonne iron ore production in FY22, to spend Rs 3,720 cr on capex

Oct 01, 2021

During the first quarter of the fiscal, NMDC achieved production of 8.91 MT and sales of 9.45 MT respectively - its best Q1 since inception, said Sumit Deb, Chairman and Managing Director, NDMC

NTPC had incorporated NTPC Renewable Energy Ltd with the Registrar of Companies, NCT of Delhi & Haryana on October 7, 2020, to undertake renewable energy business.

NTPC REL inks first green term loan pact of Rs 500 cr with Bank of India

Sep 30, 2021

NTPC REL currently has a renewable project portfolio of 3,450 MW of which 820 MW projects are under construction and 2,630 MW projects have been won for which PPAs (power purchase agreements) are pending to be executed

The OFB is currently a defence ministry entity and supplies critical arms and ammunition to the three armed forces and the paramilitary

Defence Ministry dissolves OFB; transfers employees, assets to 7 PSUs

Sep 28, 2021

As part of the "Atmanirbhar Bharat" package, the government had announced on May 16 last year that it would improve autonomy, accountability and efficiency in ordnance supplies by corporatisation of the OFB


BHEL bags Rs 10,800 cr order from NPCIL

Sep 01, 2021

''BHEL secures largest ever order worth Rs 10,800 Crores from NPCIL for EPC of Turbine Island for 6 units of 700 MWe," it said

100% FDI under automatic route in oil, gas PSUs

Govt permits 100% FDI in oil, gas PSUs approved for strategic disinvestment

Jul 30, 2021

The Department for Promotion of Industry and Internal Trade (DPIIT) said in a press note that a new clause has been added to the FDI policy for the sector

LIC sold shares worth around Rs 20,000 crore in the first quarter of FY22, making a profit of over Rs 10,000 crore

IPO-bound LIC books record Rs 10,000 cr stock market profit

Jul 16, 2021

The state-run insurer is the biggest domestic investor in Indian markets, purchasing shares worth Rs 94,000 crore in FY21 to hit a total stock market investment of Rs 8 lakh crore at the end of the fiscal year

Currently, BPCL has more than 8.4 crore domestic LPG customers, including 2.1 crore Ujjwala customers

Centre seeks legal view to allow BPCL sell subsidised LPG post stake sale

Jul 11, 2021

A legal opinion has been sought by the Centre to ascertain if privatised BPCL will be eligible to receive liquefied petroleum gas (LPG) produced by companies such as ONGC and GAIL

As part of a slew of changes being undertaken ahead of the state-run insurer's mega IPO (initial public offer), LIC will now have a chief executive officer (CEO) and managing director (MD)

IPO-bound LIC chairman M R Kumar to complete his tenure; post to be phased out gradually

Jul 10, 2021

The development comes even as the Centre has done away with the position of chairman at the state-run insurer. The chairman's position at LIC would be renounced over a period of time

Public sector banks to raise Rs 25,000 crore by April: Finance Secretary

Dec 20, 2020

RBI Governor Shaktikanta Das has been advising banks to proactively raise capital and not wait for a difficult situation to arise due to the ongoing COVID-19 crisis

Centre mulling FDI policy tweak to facilitate BPCL privatisation

May 28, 2021

The government is privatising BPCL and is selling its entire 52.98 per cent stake in the company

Saurabh Garg appointed UIDAI chief, Sanjeev Kumar to be AAI head

Mar 26, 2021

Senior IAS officer Saurabh Garg has been appointed as the chief executive officer of the Unique Identification Authority of India (UIDAI)